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research finds eighteen percent taxes on pizza and soda drinks people five pounds a year tracy folks help create nutrition standards at the u.s. department of agriculture those types of taxes expression if they're like you said about the twenty percent range between ten and twenty percent can have an impact and they do cause. people to purchase and consume less of the item that's being taxed for example sugar sweetened beverages or sodas shamed by films showing the secure fix of their food junk produces an l. rushing to rebrand a so-called low fat and diet well here's the secret about so-called diet food and it's actually hilarious it's called that because most diet food contains what's known as aspartame or similar name or sucralose and it's been found in numerous studies that actually diet soda products can actually lead to kidney damage metabolic problems and obesity the studies found that kidney damage was experienced in those who drink diet soda whereas those who drink regular soda which by no means is healthy did not experience the same issues the best part about it aspartame i
research finds eighteen percent taxes on pizza and soda drinks people five pounds a year tracy folks help create nutrition standards at the u.s. department of agriculture those types of taxes expression if they're like you said about the twenty percent range between ten and twenty percent can have an impact and they do cause. people to purchase and consume less of the item that's being taxed for example sugar sweetened beverages or sodas shamed by films showing the secure fix of their food junk...
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s stock sales and mergers as sellers feared taxes on investment gains could go up next year now despite news like this and even if by efforts to promote i.p.o. bubbles the number of companies going public continues to be down significantly from highs in the one nine hundred ninety s. who why would we want this. why would we ever want to bubble party private equity advisor william janeway is here to explain why bubbles are sometimes good plus u.s. corporate profits hit a record high in the third quarter according to the bureau of economic analysis with these profits why are we seeing more business investment to fuel innovation will discuss and we hear about sovereign credit downgrade and warnings of those downgrades all the time in the wake of the debt crisis and austerity in europe but now extravagance and luxury are on the line the ratings agency moody's has reportedly put carmaker aston martin on review for a debt downgrade we'll discuss let's get to today's capital account. bubbles are often thought of as detrimental to an economy and health needless to say but what if in reality pro
s stock sales and mergers as sellers feared taxes on investment gains could go up next year now despite news like this and even if by efforts to promote i.p.o. bubbles the number of companies going public continues to be down significantly from highs in the one nine hundred ninety s. who why would we want this. why would we ever want to bubble party private equity advisor william janeway is here to explain why bubbles are sometimes good plus u.s. corporate profits hit a record high in the third...
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they've avoided the tobin taxes financial transaction tax they have now reconsolidate their power i don't think anything has happened in this country to stem the power of the banks in fact quite the opposite they've got away with it they've got away with one of the big his kind of financial crimes in human history london is now one of the three command centers of the global economy that wouldn't have been possible without the city of london germany's a much more powerful economy than the british economy but they haven't got any pockets of undemocratic nepotistic rule which is untouched by the german government lord glasman morris glassman you know has long argued for for the rest of london the whole of london to be incorporated the city of london has always resisted expansion to allow the rest of london to be part of it so we right now and people living in london are actually living in the city of london you call the city of an . some corporation and undemocratic pocket within london as a whole other any other borrowers in the u.k. that are this similar type of exception to the gene
they've avoided the tobin taxes financial transaction tax they have now reconsolidate their power i don't think anything has happened in this country to stem the power of the banks in fact quite the opposite they've got away with it they've got away with one of the big his kind of financial crimes in human history london is now one of the three command centers of the global economy that wouldn't have been possible without the city of london germany's a much more powerful economy than the...
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there's a tax payer it comes out of the tax and bury the actual purging we're already healthy and in shape to go out and. private companies hardworking and reliable make sure want to work every day well. terribly work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or a private one for a minimum wage of around six dollars a unit cory's a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five different types of products and services you see the variety listed on their website they to partner up with private firms now last year unicorn's revenue nine hundred million dollars the spars private prisons are concerned two of the country's biggest prison corporations made three point three billion dollars last year alone private prisons are treated in that york stock exchange they are for profit companies and the savings that they reap from using inmate labor. go to their bottom line it's money they otherwise d
there's a tax payer it comes out of the tax and bury the actual purging we're already healthy and in shape to go out and. private companies hardworking and reliable make sure want to work every day well. terribly work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or a private one for a minimum wage of around six dollars a unit cory's a government owned corporation that uses prison labor to produce...
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i mean can we solve this whole fiscal cliff by just taxing those no no unfortunately we can't we face something and this is this is what your viewers need to understand most americans haven't got this yet we're in new territory we have a sixteen trillion dollar debt. it has a potentially crushing impact people here in washington say you know that doesn't matter what difference does it make we can borrow as much money as we like forever wrong we can't if you don't grow economically you can't attract investment truth is we're not really growing theoretically at one point two percent and falling europe is in serious trouble what happens in europe what happens in china where they're preparing for a hard landing all of these things will have an impact here we're in a lot of trouble you can't retire that debt so no you could confiscate all the wealth from the top five percent of the american people it would make a dent really it wouldn't make a try you know you talk about running the government for six months. all right well let's talk about the new the the new fiscal year two thousand and
i mean can we solve this whole fiscal cliff by just taxing those no no unfortunately we can't we face something and this is this is what your viewers need to understand most americans haven't got this yet we're in new territory we have a sixteen trillion dollar debt. it has a potentially crushing impact people here in washington say you know that doesn't matter what difference does it make we can borrow as much money as we like forever wrong we can't if you don't grow economically you can't...
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income taxes but that's only one of the many doing of many taxes that we all pay as a percentage of income the people working at mcdonald's for eight bucks an hour pay more of their income in taxes than mitt romney that's right how do you think we're doing the guys now you with what percentage of the federal taxes are collected from the one percenters because i know people manipulate the numbers in the get their point across i don't know off the top of my head and i do really like them do you research and come back later show you show your rate by the way thank you yeah i'd be glad to will get the numbers and we'll do a chart and graph and i think thank you jim i appreciate you calling in and raising the question that's something that we have done shows on before you know where where was the. revenue before where is it now and what you know i can tell you the top tax rate during the eisenhower years was ninety one percent and you know right now the top tax rate is thirty five percent and they're talking about taking it up to thirty nine thirty nine point six percent which is where i
income taxes but that's only one of the many doing of many taxes that we all pay as a percentage of income the people working at mcdonald's for eight bucks an hour pay more of their income in taxes than mitt romney that's right how do you think we're doing the guys now you with what percentage of the federal taxes are collected from the one percenters because i know people manipulate the numbers in the get their point across i don't know off the top of my head and i do really like them do you...
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government still spending one of the half trillion dollars in the bad economy above what it rings in tax receipts now if they go the other direction not only would the government contribution go down but the private sector will probably start the leverage again that leads me to my second little child ok this is before we get into it let's go back to the beginning of what you've just saying there is arms and put it in context you wrote a book called the punk economics and you're saying that traditionally certain things are not included in the modeling of the economy and it goes back to what people's definition of money is bring that back again because in your definition of money you include things like debt i include the capacity of the private banking sector to create money by creating debt independent of what the central banks rossiter the control them right so that's fundamentally different than what the economist on the page of the new york times well you know when he had that ridiculous slanging match with me on the on the internet at one stage claimed that even though banks carry al
government still spending one of the half trillion dollars in the bad economy above what it rings in tax receipts now if they go the other direction not only would the government contribution go down but the private sector will probably start the leverage again that leads me to my second little child ok this is before we get into it let's go back to the beginning of what you've just saying there is arms and put it in context you wrote a book called the punk economics and you're saying that...
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for the traveling public but in that are you know you can't make an omelet and they should crack a tax and if your move involves mounts of people on a public metro system. but as soon as there's a problem then there's chaos but it takes two to tango it be in the belly you know it's the employers for as well that we take action if the employer negotiate a proper someone with us there we will and so your action but sometimes you know you have to stand up and side with the impiety when you've been inside the with defending conditions and it does cause disruption i mean in some saw him says that economic position biggest employer come to the table and negotiate seriously of us isn't it your job to make those negotiations work without going on strike yes i mean our job is to actually go and try and persuade the employer. and hopefully that the argument is conceded by the employer in a lot of occasions there aren't is conceivable the employer of occasions the employer and ask compromise and we reach a settlement in some other areas the employer says they're not in the pay it's a one inch and
for the traveling public but in that are you know you can't make an omelet and they should crack a tax and if your move involves mounts of people on a public metro system. but as soon as there's a problem then there's chaos but it takes two to tango it be in the belly you know it's the employers for as well that we take action if the employer negotiate a proper someone with us there we will and so your action but sometimes you know you have to stand up and side with the impiety when you've been...
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or draw a bill that could give the government taxes to people that are serious response and privacy concerns with how the secretary labeling everyone opposed to terrorists and paedophiles. under these rope of yours they were brought to you on polls to reveal the truth about its nuclear program worth using top knowledge and other topics weapons on it it does the. international news life or this is all she was me you national politics for joining us opposition groups in egypt how we should a set of demands to the country's president mohamed morsi aimed at scrapping his latest political drives this follows a fierce standoff outside the presidential palace in cairo which reportedly falls they gyptian lead it to flee the building cairo based reporter belcher has more cars. i was that in the march tenth out of tens of thousands of protesters coming from various locations in cairo converging in front of the presidential palace in a suburb of cairo when they got there they were greeted by police behind barbed wire and really i mean speaking of the protesters they felt like they wanted to protest the
or draw a bill that could give the government taxes to people that are serious response and privacy concerns with how the secretary labeling everyone opposed to terrorists and paedophiles. under these rope of yours they were brought to you on polls to reveal the truth about its nuclear program worth using top knowledge and other topics weapons on it it does the. international news life or this is all she was me you national politics for joining us opposition groups in egypt how we should a set...
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still fluctuating between gains and losses as president barack obama held his ground about raising taxes for the highest income americans and it's the anticipations who ground to those tools that leave the european stocks flat in the cheese day session that says investors stay on the fence even while you side stateside as debates continue between democrats and republicans on that so-called fiscal cliff the common currency is still climbing steadily really ever since that greek buyback deal which calls the initial optimism and it just continued on from there whereas the russian ruble that this is not finished up today was stronger against the dollar and you can see against the euro back. here in moscow than the markets they finished up in negative territory today as you can see under a percent of the arts yes and the my sex the fact that oil prices are going south isn't really help me out not as investors always keep a close eye on those here in moscow. moving on then dreams of becoming the next james bond winning formula one or even designing your own fashion line may be on a typical asp
still fluctuating between gains and losses as president barack obama held his ground about raising taxes for the highest income americans and it's the anticipations who ground to those tools that leave the european stocks flat in the cheese day session that says investors stay on the fence even while you side stateside as debates continue between democrats and republicans on that so-called fiscal cliff the common currency is still climbing steadily really ever since that greek buyback deal...
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they come here and buy lenders they buy it because they were jury are they really good investors the taxes go up because of them but they will keep the wind quality up there should be a steep protection policy here we think. that's it from the business desk more news is coming your way after a very short break. well . science technology innovation all the list of melamine still around russia we've got the future covered. live. least be cool language. programs and documentaries in arabic it's all here on. reporting from the world's hot spots the p.r.p. interviews intriguing story for you to. see arabic to find out more visit arabic t.v. dot com. explain. these continues here at r.t. the hague tribunal for war crimes has acquitted kosovo's former prime minister and his aides for a second time. was facing numerous charges of murder and torture of serbs in the war yugoslavia at the end of the one nine hundred ninety s. international criminal defense lawyer. michael. says bias was built into the hague tribunal system from the very start. i think by and large this tribe you know. more or less th
they come here and buy lenders they buy it because they were jury are they really good investors the taxes go up because of them but they will keep the wind quality up there should be a steep protection policy here we think. that's it from the business desk more news is coming your way after a very short break. well . science technology innovation all the list of melamine still around russia we've got the future covered. live. least be cool language. programs and documentaries in arabic it's...
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know the banks when they discharge these that they charge them off their accounts and they take a big tax break which is another kind of bail out and then there are allowed to sell the dots on this very shadowy debt market most debtors are not on aware of that and one of the great successes of the campaign really is that it's a public education campaign more and more people are beginning to realize how the system works in frankly very predatory ways as a result of our campaign so dead in many cases is. upon individuals or mortgage holders or entire countries using very dubious sales tactics or just outright debt cram downs we see this in many countries and then in the cases where debts cannot be paid the collection of those debts is passed off to a debt collection agency as you point out for pennies on the dollar the debt collection agency by used those debts as a counter saying of all in the. i hope that they can get enough people to pay off their debt to legitimize their cost of buying those debts and we have a situation where debt is the currency of financial repression financial zero
know the banks when they discharge these that they charge them off their accounts and they take a big tax break which is another kind of bail out and then there are allowed to sell the dots on this very shadowy debt market most debtors are not on aware of that and one of the great successes of the campaign really is that it's a public education campaign more and more people are beginning to realize how the system works in frankly very predatory ways as a result of our campaign so dead in many...
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directly or through subcontractors including microsoft boeing starbucks secret and others by federal tax. rate compensated up to forty percent of the way to generate returns prayers to howards the need to provide medical care and in everything all of the general work in prison is men. dettori and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or a private one for a minimum wage or for around six dollars unique or is a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five different types of products and services you see the variety listed on their website they to partner up with private firms now last year unicorn's revenue reached nine hundred million dollars as far as private prisons are concerned two of the country's biggest prison corporations made three point three billion dollars last year alone private prisons are traded on the new york stock exchange they are for profit companies and the savings that they reap from using inm
directly or through subcontractors including microsoft boeing starbucks secret and others by federal tax. rate compensated up to forty percent of the way to generate returns prayers to howards the need to provide medical care and in everything all of the general work in prison is men. dettori and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or a private one for a minimum wage or for around six dollars unique or is a...
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timothy geithner's confirmation for treasury secretary when it came out he failed to pay some of his taxes and not only that this is what he said when he was asked if he'd use software to prepare his returns i did or you did ok which brings. only answer the questions are what i want these are my responsibility not to not to touch them for students' ability but i used. my returns. and got a lot of play we still remember it so well so high level cabinet positions get plenty of attention but in the less sexy less talked about world inhabited by financial regulators the senate confirmation process can create a litany of problems too as former f.d.i.c chair sheila bair points out in her book by statute the heads of all major financial regulatory agencies have to be confirmed by the senate which often amounts to no official leadership for long periods of time or leadership that just stressed out not functioning well because the confirmation is hanging over their head and just for some examples to give you context so after obama was nominated to his first term despite the fact that fannie and fre
timothy geithner's confirmation for treasury secretary when it came out he failed to pay some of his taxes and not only that this is what he said when he was asked if he'd use software to prepare his returns i did or you did ok which brings. only answer the questions are what i want these are my responsibility not to not to touch them for students' ability but i used. my returns. and got a lot of play we still remember it so well so high level cabinet positions get plenty of attention but in...
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with a site that is about sewing that workers save enough for enough when people pay the tax. not be able to afford to go to university their kids not be able to get social housing or the social benefits being eroded child benefit being stuck. that is good to do something about it. if you don't fight then you're to put up with a posse sign if you do want to fight you've got a chance of winning. we'll be back with more international news in thirty minutes coming up in a few moments our special report iraq. issues that so much of the huge musician. market revolutionary dictator in the making president mohammed morsi is presidential decree spreading in wide powers has reopened the debate about. live . live . live. live live. live. live live live . more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations rule the day.
with a site that is about sewing that workers save enough for enough when people pay the tax. not be able to afford to go to university their kids not be able to get social housing or the social benefits being eroded child benefit being stuck. that is good to do something about it. if you don't fight then you're to put up with a posse sign if you do want to fight you've got a chance of winning. we'll be back with more international news in thirty minutes coming up in a few moments our special...
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lauren is the fiscal cliff we hear so much about we hear the comings and goings of obama and boehner on tax policy as though this was the issue that was going to solve the u.s. economy's problems or the u.s. government's budget deficit problems and does it i mean is really such a small part of the iceberg. of economic crisis that this country has been dealing with for the past four years and lo and behold when you talk to people that have been in the game for a while like the former republican strategist has been that we spoke to they say no it's very minimally addressing the problems of the u.s. and to put that in even broader scope our guest kevin phillips his recent book is about seven hundred seventy five so he just finished a book on the american revolution many more economic factors playing a role there than what we maybe are taught in grade school here in the u.s. so we looked at what the lessons are today looking at the. current economic problems and monetary problems and got his perspective a perspective he says that politicians are not likely to have he says they don't read histor
lauren is the fiscal cliff we hear so much about we hear the comings and goings of obama and boehner on tax policy as though this was the issue that was going to solve the u.s. economy's problems or the u.s. government's budget deficit problems and does it i mean is really such a small part of the iceberg. of economic crisis that this country has been dealing with for the past four years and lo and behold when you talk to people that have been in the game for a while like the former republican...
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by your tax dollars an industry very much in need by the u.s. military. forty cents out of every dollar congress controls now goes to contractors. there's more than twenty thousand private military on the ground with the second largest armed force in iraq or private security the out scaled routes.
by your tax dollars an industry very much in need by the u.s. military. forty cents out of every dollar congress controls now goes to contractors. there's more than twenty thousand private military on the ground with the second largest armed force in iraq or private security the out scaled routes.
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move their products around the nation at a lower cost more workers and businesses make more money more tax revenue comes into the government pays down our deficit this is econ want to want so the question is why are people still opposed to the government investing in our national infrastructure let's ask austin peers of libertarian commentator and director of production of freedom or it's a dollar back thank you for having me glad to have you with us what is it about the difference between spending and investment that libertarians don't get well because nobody said. that investing roads are actually an investment you have to understand you know if you know how capitalism works if you know how that works than roads we're going tom we don't need roads and you have to understand in our advanced economy today that there is not a lot of reason not to have roads and have the capital isn't going to give us all a bit jetson that's right absolutely absolutely and if you look at pax right and if you look at north korea if you think that it's going to roads build an economy they have plenty of wide o
move their products around the nation at a lower cost more workers and businesses make more money more tax revenue comes into the government pays down our deficit this is econ want to want so the question is why are people still opposed to the government investing in our national infrastructure let's ask austin peers of libertarian commentator and director of production of freedom or it's a dollar back thank you for having me glad to have you with us what is it about the difference between...